NANDO, a Turin-based innovator in waste management, has successfully secured $3.9 million in a seed funding round designed to accelerate its growth. The investment, co-led by MAIA Ventures and CDP Venture Capital SGR, is set to propel the company's international expansion and enhance its advanced AI-powered platform. This strategic capital infusion will bolster NANDO's mission to revolutionize waste management processes globally through sophisticated, data-driven solutions.
Strategic Investment to Fuel Growth
The funding round saw significant participation from existing investors, including Club degli Investitori, La4G, and EMBA Capital Partners, signaling strong confidence in the company's trajectory. This financial backing validates NANDO's robust business model and its significant potential to disrupt traditional waste management practices. The investment underscores a growing market demand for intelligent solutions that address both economic and environmental challenges within the sector.
Harnessing AI for a Sustainable Future
At the core of NANDO's offering is a sophisticated platform that utilizes a powerful combination of Artificial Intelligence, Machine Learning, and Computer Vision. This technology transforms physical waste into granular, actionable data by analyzing its composition, quantity, and origin in real-time. By providing these critical insights, the company empowers businesses and municipalities to make informed decisions that optimize their operational efficiency.
The company's impact is already evident, as it currently processes over 40,000 images daily for a diverse and growing client base. Serving approximately 80 clients across 17 countries, NANDO supports major organizations such as ISS, Narita International Airport, Samsic Facility Italia, and IVECO Group. This impressive scale demonstrates the platform's adaptability and its proven ability to deliver measurable reductions in time, cost, and environmental footprint.
Expansion and Technological Advancement
With the new capital, NANDO plans to accelerate its technological development and broaden its market reach across Italy and Europe. A key focus will be on strengthening its AI capabilities, expanding its team, and launching new product lines tailored for specific waste streams. The company is placing a strategic emphasis on tackling food waste within the collective catering industry, a solution already gaining significant market traction.
CEO and Co-founder Riccardo Leonardi articulated the company's forward-looking vision for the newly acquired funds. "The capital raised will allow us to further develop our technology, solidifying NANDO as a single access point for waste data," he stated. This ambition highlights the goal of creating a centralized data hub to support waste reduction strategies and enhance decision-making for all clients.
This $3.9 million funding round marks a pivotal moment for NANDO, equipping it with the resources to scale its innovative technology on a global stage. By placing data at the heart of waste management, the company is well-positioned to lead the charge toward a more efficient, sustainable, and circular economy. The investment not only fuels NANDO's corporate growth but also reinforces the critical role of technology in solving complex environmental challenges.